CZ/SK verze

Newag S.A. reports huge financial success for 2020

Newag S.A. reports huge financial success for 2020
photo: NEwag/https://www.newag.pl/grupa-newag-notuje-znakomite-wyniki-finansowe//Newag
02 / 05 / 2021

A rolling stock manufacturer from Poland has just published an official financial report for 2020. In a crisis year of economic constraints caused by the pandemic, the company managed to increase consolidated sales by 47%, while net profit - up to a record 144%.

A report published on the group's website shows that in 2020 Newag recorded a consolidated net profit of PLN 218 939 million, compared to PLN 89 672 million for 2019. Net consolidated revenues amounted to PLN 1,320,087, compared with PLN 896,085 million in 2019.

Net consolidated revenues amounted to PLN 1,320,087, compared with PLN 896,085 million in 2019.

In 2019, the EBITDA indicator increased from PLN 163 855 million to PLN 291 758 million.

In summing up last year, Newag S.A. Zbigniew Konieczek, Chairman of the Board of Directors, emphasizes in the attached letter to the report that it was essential for the development of the company, the conclusion of the largest contract in the company's history for the delivery of new electric units with the Warsaw carrier Szybka Kolej Miejska (SKM). In addition, electric locomotives were supplied for PKP Intercity, PKP Cargo, Laude Smart Intermodal and Rail Capital Partners, and a contract for the production of hybrid trains was concluded, etc.

"We can say with certainty that despite all the difficulties, it has been a good year for us. I believe that the coming years and the projects we implement will continue to strengthen us as a leader in the rail vehicle production market. We will continue to be an innovative and reliable business partner." - summarizes Zbigniew Konieczek CEO.

NEWAG S.A. is one of the oldest railway companies in Poland (founded in 1876) and it is a leading Polish manufacturer of electric and diesel passenger trains, electric and diesel locomotives, metro and tram vehicles.

Since the end of 2013, NEWAG S.A. has been listed on the Warsaw Stock Exchange.

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